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Wallbox and Codale Expand Partnership to Accelerate EV Charging Deployment Across the Mountain West

Wallbox (NYSE: WBX), a global provider of electric vehicle (EV) charging and energy management solutions, has expanded its partnership with Codale Electric Supply, a Sonepar USA company, to scale AC and DC fast charging infrastructure across Utah, Idaho, Wyoming, and Nevada.

Over the past two years, Codale has become one of Wallbox’s most active distribution partners, enabling contractors, developers, and fleet operators with technical support, logistics, and access to Wallbox charging solutions.

Under the expanded agreement, Codale will prioritize Wallbox Supernova DC fast chargers and Pulsar family AC chargers across its electrification programs. Deployment efforts are already underway, with Codale coordinating both replacement of legacy charging systems and new installations across public, commercial, and multifamily sites. Early projects include collaborations with several charge point operators (CPOs) and large commercial portfolios, some of which are beginning deployment of Supernova units this quarter.

The partnership reflects the accelerating build-out of EV charging infrastructure across the Mountain West, where growing electrification programs and regional corridor initiatives are creating new opportunities for fast and efficient deployment. Wallbox and Codale are working together to streamline installation, enhance network reliability, and support the region’s transition toward cleaner mobility.

“Together with Codale, we’re moving beyond distribution, we’re driving real deployment,” said Ignasi Alastuey, Chief Business Officer at Wallbox. “This partnership combines Wallbox’s innovation with Codale’s on-the-ground capabilities to rapidly scale charging networks across the Mountain West and set a new benchmark for EV infrastructure growth.”

Bryce Ebel, EVSE Business Development Manager at Codale, added: “Our goal isn’t just to move hardware, it’s to deliver complete, future-proof charging solutions. Wallbox gives us the performance and reliability to win projects across every segment. We’re already working closely with multiple CPOs to upgrade existing infrastructure and bring new, high-performance chargers online.”

Together, Wallbox and Codale are establishing a scalable model for regional EV infrastructure development rooted in long-term partnership and hands-on execution.

About Wallbox

Wallbox is a global technology company, dedicated to changing the way the world uses energy. Wallbox creates advanced electric vehicle charging and energy management systems that redefine the relationship between users and the network. Wallbox goes beyond charging electric vehicles to give users the power to control their consumption, save money and live more sustainably. Wallbox offers a complete portfolio of charging and energy management solutions for residential, semi-public, and public use in more than 100 countries around the world. Founded in 2015 in Barcelona, where the company’s headquarters are located, Wallbox currently has offices across Europe, Asia, and America. For more information, visit www.wallbox.com.

Forward Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended (the “Securities Act”) and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). All statements contained in this press release other than statements of historical fact should be considered forward-looking statements, including, without limitation, statements regarding Wallbox’s expected future operating results and financial position, profitability and cost optimization, industry and company growth, business strategy and plans and market opportunity. The words “anticipate,” “believe,” “can,” “continue,” “could,” “estimate,” “expect,” “focus,” “forecast,” “intend,” “likely,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “”target,” will,” “would” and similar expressions are intended to identify forward-looking statements, though not all forward-looking statements use these words or expressions. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to: Wallbox’s history of operating losses; the adoption and demand for electric vehicles including the success of alternative fuels, changes to rebates, tax credits and the impact of government incentives or reduction thereof; political and economic uncertainty and macroeconomic factors, such as impacts from tariffs and trade barriers, geopolitical conflicts, consumer spending, inflation and foreign exchange rates; the accuracy of Wallbox’s forecasts and projections including those regarding its market opportunity; competition; risks related to losses or disruptions in Wallbox’s supply or manufacturing partners; Wallbox’s reliance on the third-parties outside of its control; risks related to Wallbox’s technology, intellectual property and infrastructure; executive orders and regulatory changes under the U.S. political administration and uncertainty therefrom, as well as the other important factors discussed under the caption “Risk Factors” in Wallbox’s Annual Report on Form 20-F for the fiscal year ended December 31, 2024, as such factors may be updated from time to time in its other filings with the Securities and Exchange Commission (the “SEC”), accessible on the SEC’s website at www.sec.gov and the Investors Relations section of Wallbox’s website at investors.wallbox.com. Any such forward-looking statements represent management’s estimates as of the date of this press release. Any forward-looking statement that Wallbox makes in this press release speaks only as of the date of such statement. Except as required by law, Wallbox disclaims any obligation to update or revise, or to publicly announce any update or revision to, any of the forward-looking statements, whether as a result of new information, future events or otherwise.

Contacts

Wallbox Public Relations Contact:

Albert Cabanes

Public Relations

Press@wallbox.com